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JC Penney Shares Are Getting Annihilated Right Now

Sam RoFeb 28, 2013, 04:34 IST

JC Penney shares instantly tanked in after-hours trading after the department store chain reported a horrific fourth quarter with sales missing expectations as same-store sales plunged by 32 percent.

Management has been hosting a conference call with analysts since 5:00 PM ET. And it isn't helping.

Here's a look at the after-hours trading in JCP:

MarketWatch